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Wednesday, April 4, 2007

McKee's Acquisitions Slowed in March

In March, companies controlled by developer Paul J. McKee, Jr. slowed their acquisitions of north St. Louis real estate, spending $716,850 to acquire 13 parcels in the Old North St. Louis, St. Louis Place and JeffVanderLou neighborhoods.

Among the properties are owner-occupied houses in the Old North St. Louis neighborhood on 20th Street as well as three buildings counted as contributing resources in the Murphy-Blair national historic district. While a public statement by McKee issued in February claimed that his assembly activity had stopped due to backlash from critics, and several of the properties closed in March had earlier contract dates, several had contract dates as recently as March 20.

The companies buying property are Dodier Investors LLC, MLK 3000 LLC and Sheridan Place LC. Sale prices ranged from $5,000 for a sheriff's sale to $149,500 for the houses on 20th Street.

1 comment:

Mayor Slay said...

The acquisition of property for redevelopment has slowed because we are reaching the limit of our needs. Your house will be blighted and taken, rest assured.